Ooma, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023
August 23, 2023 at 04:15 pm EDT
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Ooma, Inc. reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported revenue was USD 58.35 million compared to USD 52.65 million a year ago. Net income was USD 0.271 million compared to USD 0.338 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the six months, revenue was USD 115.21 million compared to USD 102.99 million a year ago. Net loss was USD 0.055 million compared to USD 0.428 million a year ago.
Ooma, Inc. provides communications services and related technologies to the businesses of all sizes and residential customers through a smart cloud-based software as a service platform. For businesses, the Company delivers advanced voice and collaboration features, including messaging, intelligent virtual attendants and video conferencing. It offers a range of solutions to fit each business needs, along with personalized support to resolve any issues in deploying and maintaining Ooma services. Its solutions include Ooma Office, Ooma Enterprise, Ooma AirDial and OnSIP collectively as Ooma Business. Ooma Office is a cloud-based multi-user communications system for small and medium-sized businesses designed to manage communications in and out of the office. Ooma Office Pro offers HD video conferencing (Ooma Meetings), call recording, call analytics and caller info match, among others. Ooma Enterprise is a unified-communications-as-a-service (UCaaS) solution that complements Ooma Office.
OOMA, INC. 
